OCCASIONAL PRESS RELEASE
Participations by VAN ZELE HOLDING NV (VZH)
Leuven, January 25, 2021 – 7:30 am CET – CRESCENT NV (Euronext Brussels: OPTI), was asked by its main (reference) shareholder VAN ZELE HOLDING NV to publish this press release.
VAN ZELE HOLDING NV, with Eric VAN ZELE as CEO, has for some time pursued a strategy of investing in innovative and/or promising technology companies such as Volta Ventures, BLCC, Crescent, etc.
In this context, VZH already holds a minority stake in the Dutch IoT company REMOTICOM HOLDING BV (and related companies), and is in final talks to further increase its stake to possibly even take a majority stake in the future.
These transactions will be executed, in whole or in part, via equity swaps with CRESCENT NV shares.
However, these transactions will not reduce VZH’s shareholding in CRESCENT NV by more than 3%.
REMOTICOM HOLDING BV (www.remoticom.com) is an OEM manufacturer of IoT systems, mainly in the areas of smart public lighting, smart cities and smart industrial systems. Its focus is mainly in the Netherlands and surrounding countries. Remoticom was looking for a strategic investor to help it realize its growth objectives.
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